Involuntary Dissolution definition

Involuntary Dissolution means, in respect of the Issuer, a dissolution by court order pursuant to the Partnership Act 1890 as applied by the Act in relation to limited partnerships;
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Involuntary Dissolution. ’ means, in respect of the Issuer, a dissolution by court order pursuant to the Law; ‘‘Issuer’’ means HBOS Capital Funding No. 1 L.P.;
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Involuntary Dissolution means, in respect of the Issuer, a dissolution by court order pursuant to the Law;
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Examples of Involuntary Dissolution in a sentence

  • Involuntary Dissolution In certain cases, a corporation can face involuntary dissolution16.

  • Property Distributable in Course of Voluntary or Involuntary Dissolution 12 §1518.

  • Upon an Involuntary Dissolution of the Issuer occurring after a Substitution Event but prior to the relevant substitution being effected, Holders will have no further rights, title or interest in or to Preferred Securities except the right to have their respective Preferred Securities substituted in the manner described above.

  • HBOS undertakes that as soon as practicable after a Substitution Event or the Involuntary Dissolution of the Issuer in circumstances where HBOS is itself not insolvent or in liquidation, or following an election by the General Partner to substitute Substituted Preference Shares following a Capital Disqualification Event as contemplated in the Partnership Agreement it will give written notice to the Holders enclosing a Substitution Confirmation which each Holder will be required to complete.

  • On December 9, 1991, all parties to the Dissolution Action including [Appellants] and Peter Cavalier consented to the relief requested in the Petition for Involuntary Dissolution of LROC without any admission to the factual allegations set forth in the Petition.

  • In the event of the dissolution (other than an Involuntary Dissolution) of the Issuer, the Holders will be entitled, subject as set out in paragraph 3.4, to receive the Liquidation Distribution, in respect of each Preferred Security held, out of the assets of the Issuer available for distribution to such Holders under the Act.

  • Without prejudice to paragraph 8.6, in the event of the commencement of any dissolution (other than an Involuntary Dissolution) of the Issuer, the Holders will be entitled, subject as set out in paragraph 3.4, to receive the Liquidation Distribution, in respect of each Preferred Security held, out of the assets of the Issuer available for distribution to such Holders under the Law.

  • The Guarantor undertakes that as soon as practicable after a Capital Deficiency Event or the Involuntary Dissolution of the Issuer (in circumstances where the Guarantor is itself not insolvent or in liquidation or an Exchange Event) it will give written notice to the Holders of such event and take all reasonable steps to cause the substitution of the Preferred Securities by the Substituted Preference Shares all as more fully described in paragraph 5.2 of the Description of the Preferred Securities.

  • Involuntary Dissolution Statutes for LLCs As they have been in close corporations, involuntary dissolution statutes have been the dominant means for working out the extent to which there should be a role for courts in providing liquidity when there has been a falling out among the parties and one party is left locked into, or squeezed out of, the entity.

  • Involuntary Dissolution: The commission by order may require the Authority to dissolve if the commission determines that the Authority has not substantially complied with the requirements of a commission rule or an agreement between the department and the Authority.


More Definitions of Involuntary Dissolution

Involuntary Dissolution means, in respect of HBOS Euro Jersey, a dissolution by court order pursuant to the Law;
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Related to Involuntary Dissolution

  • dissolution “insolvency”, or “reorganisation” of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, arrangement, protection or relief of debtors;

  • Early Dissolution Event has the meaning specified in Section 9.2.

  • Dissolution Event has the meaning set forth in Section 6.1.

  • Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the following events:

  • Involuntary Disposition means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  • Involuntary Displacement means the involuntary acquisition of land resulting indirect or indirect economic and social impacts caused by: Loss of benefits from use of such land; relocation or loss of shelter; loss of assets or access to assets; or loss of income sources or means of livelihood, whether or not the Displaced Persons has moved to another location; or not.

  • Involuntary Bankruptcy means, with respect to any Person, without the consent or acquiescence of such Person, the entering of an order for relief or approving a petition for relief or reorganization or any other petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or other similar relief under any present or future bankruptcy, insolvency or similar statute, law or regulation or the filing of any such petition against such Person which order or petition shall not be dismissed within 90 days or, without the consent or acquiescence of such Person, the entering of an order appointing a trustee, custodian, receiver or liquidator of such Person or of all or any substantial part of the property of such Person which order shall not be dismissed within 90 days.

  • Winding Up Period means the period from the Dissolution Event to the Termination of the Company.

  • Dissolution Date means, as the case may be:

  • Event of Dissolution shall have the meaning set forth in Section 10.1.

  • Winding-Up means, with respect to the Issuer, a final and effective order or resolution for the bankruptcy, winding-up, liquidation, receivership or similar proceeding in respect of the Issuer (except for the purposes of a consolidation, amalgamation, merger or reorganisation the terms of which have previously been approved by an Extraordinary Resolution of the Noteholders); and

  • Scheduled Dissolution Date means, in respect of each Series, the date specified as such in the applicable Final Terms;

  • Voluntary Bankruptcy has the meaning set forth in the definition of "Bankruptcy."

  • Voluntary and “Voluntarily” in connection with Executive’s termination of employment shall mean a termination of employment resulting from the initiative of the Executive, excluding a termination of employment attributable to Executive’s death or Disability. A resignation by Executive that is in response to a communicated intent by the Company to discharge Executive other than for Cause is not considered to be “Voluntary” and shall be considered to be a termination by the Company for the purposes of this Agreement.

  • Total dissolved solids means the total dissolved (filterable) solids as determined by use of the method specified in 40 CFR Part 136 (2000).

  • Voluntary Withdrawal means a Member’s dissociation with the Company by means other than by a Transfer or an Involuntary Withdrawal.

  • Liquidation Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Liquidating Event has the meaning set forth in Section 13.1 hereof.

  • Event of Withdrawal has the meaning assigned to such term in Section 11.1(a).

  • Extraordinary Distribution means any dividend or other distribution (effected while any of the shares of ESOP Preferred Stock are outstanding) (a) of cash, where the aggregate amount of such cash dividend and distribution together with the amount of all cash dividends and distributions made during the preceding period of 12 months, when combined with the aggregate amount of all Pro Rata Repurchases (for this purpose, including only that portion of the aggregate purchase price of such Pro Rata Repurchase which is in excess of the Fair Market Value of the Common Stock repurchased as determined on the applicable expiration date (including all extensions thereof) of any tender offer or exchange offer which is a Pro Rata Repurchase, or the date of purchase with respect to any other Pro Rata Repurchase which is not a tender offer or exchange offer made during such period), exceeds Twelve and One- Half percent (12.5%) of the aggregate Fair Market Value of all shares of Common Stock outstanding on the record date for determining the shareholders entitled to receive such Extraordinary Distribution and (b) any shares of capital stock of the Corporation (other than shares of Common Stock), other securities of the Corporation (other than securities of the type referred to in paragraph I(2)), evidence of indebtedness of the Corporation or any other person or any other property (including shares of any subsidiary of the Corporation), or any combination thereof. The Fair Market Value of an Extraordinary Distribution for purposes of paragraph I(4) shall be the sum of the Fair Market Value of such Extraordinary Distribution plus the amount of any cash dividends which are not Extraordinary Distributions made during such twelve- month period and not previously included in the calculation of an adjustment pursuant to paragraph I(4).

  • Flip-in Event means a transaction in or pursuant to which any Person becomes an Acquiring Person;

  • Deemed Liquidation Event means: (i) a merger or consolidation in which the Corporation is a constituent party or a subsidiary of the Corporation is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger or consolidation, except any such merger or consolidation involving the Corporation or a subsidiary in which the shares of capital stock of the Corporation outstanding immediately prior to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital stock that represent, immediately following such merger or consolidation, at least a majority, by voting power, of the capital stock of the surviving or resulting corporation or if the surviving or resulting corporation is a wholly owned subsidiary of another corporation immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation; or (ii) the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the Corporation or any subsidiary of the Corporation of all or substantially all the assets of the Corporation and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive license or other disposition is to a wholly owned subsidiary of the Corporation.

  • Liquidation means the distributions of the Trust Account to the Public Stockholders in connection with the redemption of the Common Stock held by the Public Stockholders pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation, as amended, if the Company fails to consummate a Business Combination with the time period provided therein.

  • Deemed Liquidation means a liquidation of the Company that is deemed to occur pursuant to Treas. Reg. § 1.708-1(b)(4) in the event of a termination of the Company pursuant to Section 708(b)(1)(B) of the Code.

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge by the Company other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).